Palantir Technologies Inc. $PLTR Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1,075.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,050 shares of the company’s stock after acquiring an additional 13,770 shares during the period. Hillsdale Investment Management Inc.’s holdings in Palantir Technologies were worth $2,052,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after buying an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth $2,543,888,000. Invesco Ltd. boosted its holdings in Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after acquiring an additional 2,998,716 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after acquiring an additional 4,221,392 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.6%

NASDAQ PLTR opened at $154.85 on Friday. Palantir Technologies Inc. has a fifty-two week low of $61.37 and a fifty-two week high of $207.52. The business has a 50 day moving average price of $180.34 and a two-hundred day moving average price of $158.19. The stock has a market cap of $369.08 billion, a PE ratio of 368.70, a P/E/G ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 21,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the transaction, the director owned 59,794 shares in the company, valued at approximately $9,922,814.30. The trade was a 25.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 150,651 shares of company stock valued at $23,892,804. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Robert W. Baird boosted their target price on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Northland Securities raised their price target on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $172.28.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.